Currency Analyst since 2010

EUR/USD: all eyes on Draghi

After reaching 2-week highs a $1.3324 EUR/USD tested levels below $1.3300, but found some support above the 200-period MA at H4 ($1.3284).

According to the data released today, euro zone’s industrial production contracted by 1.5%, while analysts expected only a -0.1% decline. The market’s waiting for the ECB’s Mario Draghi speech at 11:40 GMT.

Support is at $1.3284/83, $1.3270, $1.3250, $1.3230 and $1.3215. Resistance is at $1.3325, $1.3343, $1.3370 and $1.3399.

Chart. H4 EUR/USD

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